USD 2.93 billion
Computer Aided Manufacturing (CAM) Market Size, Share, Growth Analysis, By Component(Solution, Services), By Deployment Type(On-Premise deployment, Cloud deployment), By Application(Aerospace & Defense Industry, Shipbuilding Industry, Automobile & Train Industry, Machine Tool Industry), By Region - Industry Forecast 2024-2031
Report ID:
SQSG25E2008 |
Region:
Global |
Published Date: October, 2024
Pages:
282
|Tables:
90
|Figures:
76
Computer Aided Manufacturing (CAM) Market Insights
Computer Aided Manufacturing (CAM) Market size was valued at USD 2.93 billion in 2022 and is poised to grow from USD 3.2 billion in 2023 to USD 6.6 billion by 2031, growing at a CAGR of 9.6% in the forecast period (2024-2031).
The manufacturing industry has made great progress thanks to automation driven by cutting-edge computing technologies. One of them is computer-aided design (CAD), and computer-aided manufacturing is what is creating value (CAM). This is a crucial factor influencing the growth of the global market for computer-aided manufacturing.
Manufacturing businesses from a variety of industries have used CAM to train their machines and automate shop floor production and manufacturing processes. The product lifecycle management software is typically connected with the technology available in the worldwide computer-aided manufacturing market, making it a crucial component of the design process. Glassmaking, woodturning, metalworking, and spinning are some of the major industries where computer-aided manufacturing is used. Engineers from all over the world are becoming more interested in the various solutions and services offered by vendors and suppliers in the computer-aided manufacturing sector.
A major worry for technology adopters in the computer-aided manufacturing business is the cost of CAM acquisition. Since CAM is more expensive, shop floors have been sluggish to implement it. In order to do this, a few suppliers have altered their subscription plans in order to decrease the barrier for end-use companies, creating new demand channels in the worldwide market for computer-aided manufacturing.
Strong machine integration is required for additive manufacturing for industrial users to fully utilise computer-aided manufacturing tools. This aids industrial producers in improving the design procedure and the entire product development procedure. The rise in partnerships and collaborations in the market for computer-aided manufacturing might be a major facilitator.
The significant demand for computer-aided manufacturing software and services is caused by businesses' growing efforts to automate their industrial manufacturing processes across a range of industry verticals. The fourth industrial revolution, which has cleared the way for a variety of automation technologies, including computer-aided manufacturing, has advanced and accelerated the speed of automation. The market for computer-aided manufacturing is also growing as a result of the need to optimise product design and production.
The automobile sector contributes significantly to the global market for computer-aided manufacturing in terms of revenue. Automotive industry operators all over the world have been eager to take advantage of the possibilities of smart manufacturing technologies in order to promote innovation in product development. The market for computer-aided manufacturing is rising as internet of things (IoT) driven solutions become more and more popular in the industry vertical.
US Computer Aided Manufacturing (CAM) Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Service-based
Fastest Growth
Service-based
Growth Rate
9.6% CAGR
Global Computer Aided Manufacturing (CAM) Market 2024-2031 ($ Bn)
Country Share for North America Region- 2024 (%)
To get more reports on the above market click here to Buy The Report
Computer Aided Manufacturing (CAM) Market Segmental Analysis
The global computer aided manufacturing (CAM) market is segmented on the basis of component, application, deployment type, and region. Based on components, the market is segmented into Solutions and Services. Based on deployment type, the computer aided manufacturing (CAM) market is segmented into on-premise deployment and cloud deployment. Based on application, the Computer Aided Manufacturing (CAM) Market is segmented aerospace & defense industry, shipbuilding industry, automobile & train industry, machine tool industry, and others. Based on region, the global computer aided manufacturing (CAM) market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Computer Aided Manufacturing (CAM) Market Analysis by Component
According to the components, the solution category has shown tremendous growth in the computer aided manufacturing (CAM) market share in 2021 and is likely to retain its dominance in the coming years. This segment's expansion is mostly related to a growth in the need for computer-aided manufacturing software solutions in packing machines as well as an increase in industrialization processes. However, the services market is predicted to expand the most due to the increased usage of computer aided manufacturing software. Furthermore, the use of professional services by end-users to assure the proper operation of CAM software solutions throughout the process boosts computer-aided manufacturing (CAM) market development.
Computer Aided Manufacturing (CAM) Market Analysis by Application
The global CAM market is segmented into the aerospace & defense industry, shipbuilding industry, automobile & train industry, machine tool industry, and others based on its application. In 2021, the aerospace & defense industry segment led the worldwide computer-aided manufacturing (CAM) market share and is likely to retain its dominance in the following years. This is because of the advancements in computer-aided manufacturing software in the aerospace industry, which include quicker production cycles, specialist machining components, higher quality finishing, enhanced operator efficiency, improved material usage, and longer tool life will aid the computer-aided manufacturing (CAM) market growth during the analysis period.
Global Computer Aided Manufacturing (CAM) Market By Component, 2024 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Computer Aided Manufacturing (CAM) Market Regional Insights
North America led the global computer aided manufacturing (CAM) market in the year 2021 and is likely to continue to do so during the forecast period, owing to increased investment in the US infrastructure industry, particularly in software design and engineering. Furthermore, technical improvements in the architecture, aerospace & defense, and civil construction industries support the growth of the computer-aided manufacturing market in North America.
However, due to the development of sophisticated technologies such as improved manufacturing, advanced robotics, industrial internet of things, and augmented reality, Asia-Pacific is predicted to see the highest growth rate throughout the computer-aided manufacturing market projection period.
Global Computer Aided Manufacturing (CAM) Market By Geography, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Computer Aided Manufacturing (CAM) Market Dynamics
Computer Aided Manufacturing (CAM) Market Driver
Increasing use of CAM software in the packaging industry.
- The increased implementation of CAM software in packing machines is a major factor driving the growth of the CAM market. Packaging machinery aids in the completion of several stages of the packaging process, including filling, wrapping, strapping, and labeling. As packing machines become more complicated and efficient, engineers and designers are turning to CAM software to address specific mechatronic engineering difficulties.
- Computer-aided manufacturing software is an innovative solution that is supposed to boost production while decreasing total package costs. Furthermore, as designers streamline communication between electrical engineering controls and mechanical systems via CAM integrated product development solutions, the rise of smart packaging is predicted to boost the growth of the Computer-aided manufacturing market in packaging machinery.
Computer Aided Manufacturing (CAM) Market Restraint
Free and open-source computer aided manufacturing software are major restraints.
- Presence of numerous open-source and free computer-aided manufacturing software due to increasing competition in the market are the major restraints for the growth of the computer-aided manufacturing (CAM) market and will slow down the market growth during the analysis period.
Request Free Customization of this report to help us to meet your business objectives.
Computer Aided Manufacturing (CAM) Market Competitive Landscape
The computer aided manufacturing (cam) market is relatively fragmented, with a high level of competition. Few large players, like Autodesk Inc., Microsoft Corporation, and Siemens AG, now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability.
Computer Aided Manufacturing (CAM) Market Top Player’s Company Profiles
- Autodesk Inc.
- Dassault Systèmes SE
- Siemens AG
- PTC Inc.
- CNC Software Inc.
- Hexagon AB
- 3D Systems Corporation
- Mastercam/CNC Software, Inc.
- SolidCAM Ltd.
- MecSoft Corporation
- BobCAD-CAM, Inc.
- Missler Software SAS
- OPEN MIND Technologies AG
- Edgecam (Hexagon AB)
- GibbsCAM (3D Systems Corporation)
- Tebis AG
- ESPRIT (DP Technology Corp.)
- Cimatron (3D Systems Corporation)
- WorkNC (Hexagon AB)
- TopSolid (Missler Software SAS)
Computer Aided Manufacturing (CAM) Market Recent Developments
- In April 2022, Autodesk Inc. announced the launch of its next-gen tools for the new era of infrastructure development. These tools help in taking a better model design decision and improve the understanding of the impact of the project before execution. This is a cloud-based data-sharing system that supports efficient design and improves collaboration with shareholders.
- In February 2022, Zauba Crop. Released OnCreate3D computer-aided manufacturing, a comprehensive cloud 3D computer-aided manufacturing program. The app eliminates the need to purchase different CAM packages and eliminates the need to track license update codes on hardware dongles and software lock files.
Computer Aided Manufacturing (CAM) Key Market Trends
- A significant transition away from proprietary software and toward cloud-based subscriptions is likely to generate an attractive potential for the computer-aided manufacturing (CAM) market development. Cloud-based solution adoption is likely to accelerate since it allows end-users to cut total implementation and ownership costs. Cloud-based solutions are expected to grow as a result of new users attracted to the low-risk start-up value proposition offered by cloud-based applications, as well as cloud-based offerings replacing existing desktop software, whose users are expected to be attracted to the operational flexibility enabled by cloud-based subscription models.
- To improve their products, computer-aided manufacturing software suppliers develop new features and launch new products, which are expected to increase CAM software acceptance among end customers and this will propel the growth of the computer-aided manufacturing (CAM) market during the analysis period.
Computer Aided Manufacturing (CAM) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the solution category has shown tremendous growth in the computer aided manufacturing (CAM) market share in 2021 and is likely to retain its dominance in the coming years. This segment's expansion is mostly related to a growth in the need for computer-aided manufacturing software solutions in packing machines as well as an increase in industrialization processes. North America led the global computer aided manufacturing (CAM) market in the year 2021 and is likely to continue to do so during the forecast period, owing to increased investment in the US infrastructure industry, particularly in software design and engineering. Furthermore, technical improvements in the architecture, aerospace & defense, and civil construction industries support the growth of the computer-aided manufacturing market in North America.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.93 billion |
| Market size value in 2031 | USD 6.6 billion |
| Growth Rate | 9.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Computer Aided Manufacturing (CAM) Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Computer Aided Manufacturing (CAM) Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Computer Aided Manufacturing (CAM) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Computer Aided Manufacturing (CAM) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Computer Aided Manufacturing (CAM) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Computer Aided Manufacturing (CAM) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
